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The loan-to-value ratio is the related difference between the loan amount and the current market value of the collateral. The higher the LTV, the more loan funds you will receive, but at the same time the margin call will be higher.
The loan term depends only on your wish to buy your collateral back and close this loan or on reaching the liquidation limit.
Interest rate is accrued every month from the moment of getting the loan and is paid at the moment of full or partial repayment of the loan
We make it easy to get and manage your crypto loan.
Set up your loan using Bone cryptocurrency as a collateral option, then confirm it with your email address and your payout stablecoin address where you’d like to receive your funds.
Send us the collateral and we will send you the loan amount on any crypto wallet without any delays and additional checks.
Use your loan as long as you want. We will just draw your attention on the rate of your collateral currency in time.
At any moment you can pay your collateral back. To do this, you need to pay the full price of Repayment, and when we get it, we return your collateral.
In the Shibaswap ecosystem, BONE is a governance token that allows #ShibArmy members vote for upcoming proposals. BONE holds 250,000,000 tokens, and is designed to fit perfectly between the previous two tokens in terms of circulation supply. The more BONE the user holds, the stronger their vote will be in these future endeavors.
A Bone loan is the loan borrowed against Bone cryptocurrency as collateral. Here’s how it works: you bring some cryptocurrency Bone to a lending service, leave it there temporarily as collateral, and get an amount of a certain cryptocurrency in return. On CoinRabbit BONE lending, we lend stablecoins such as Tether USDT, USD Coin and BUSD.
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BONE is going to be used as gas on the Layer 2 protocol for Shiba Inu that will be compatible with the Ethereum Virtual Machine. A portion of these transaction fees in BONE will be converted to SHIB and then transferred to dead-end addresses to be locked there permanently, i.e., burned.
According to the Bone crypto potential growth the cryptocurrency believers can use Bone loans for the long-term and short-term periods. The main straights of the Bone coin:
Bone lending is a service that issues loans with Bone cryptocurrency collateral for a yearly interest. The interest can vary from 12% up to 13,8% and more. There is no KYC, no credit history and no credit checks — the only way you prove your credibility is the collateral you’re ready to provide. It will be temporarily stored in a lending service making sure you will repay your Bone loan.
Usually, getting an instant Bone loan takes no longer than 10 minutes. Since there are no credit checks and no KYC, it’s that fast. The longest part of getting a loan is waiting for the confirmation of your Bone transaction.
The collateral will be refunded instantly whenever you come back to repay your loan. You can do it when you want: in a month, in a year, or in many years — our loan period is limitless. Enjoy your money as long as you need.
To the maximum extent permitted by applicable law, in no event shall the Company or its suppliers be liable for any special, incidental, indirect, or consequential damages whatsoever (including, but not limited to, damages for loss of profits, loss of data or other information), even if the Company or any supplier has been advised of the possibility of such damages and even if the remedy fails of its essential purpose.